Application Rejected as DRT Lacks Jurisdiction Over Recovery Dispute Between Financial Institutions

Union Bank of India Vs Can Fin Homes Ltd (DRT Delhi) The matter was heard by the Debt Recovery Tribunal (DRT), Delhi through video conferencing or hybrid mode. The application (TSA No. 222/2023) was filed by the applicant bank against a financial institution. During the proceedings, the respondent financial institution argued that the application was not maintainable in view of the judgment delivered by the Supreme Court in Appeal No. 7110/2025 concerning the interpretation of Section 11 of the SARFAESI Act. The respondent submitted that where a dispute relates to recovery of loans and involve...